While the COVID-19 pandemic has had far-reaching effects on the wider economy, the food manufacturing industry has faced a particularly tough landscape due to the outbreaks among its workforce and the extra precautions that must now be taken in response.
Senior Vice President Billy Leung and economic analysts Jeffrey Dykes and Brandon Stanaway will be hosting the upcoming REMI webinar, “Worker Absenteeism and Food Supply Disruptions,” on Wednesday, October 21st from 2:00 to 3:00 p.m. (ET) that takes a closer look at how COVID-19 has affected America’s food production and labor force.
Disruptions to the food supply caused by this worker absenteeism have led to both output losses and increases in production costs, which have been passed on to the end-use customer in the form of higher food prices.
This webinar presentation will analyze and discuss the current state of farming and food supply disruptions in the wake of the ongoing pandemic.
Mr. Leung, Mr. Dykes, and Mr. Stanaway are also prepared to provide an overview of the methodological framework involved in our analysis before demonstrating how modeling worker absenteeism and consumer prices using the REMI model can capture macroeconomic effects on economic variables at the state and national levels.